Manufacturing & Technology

Manufacturers prowling for skilled workersRestricted Content

March 31, 2012
Kathleen McLaughlin
Factories laid off droves of workers during the recession but now struggle to find tech-savvy employees during the recovery.
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Startups launch apps to facilitate good deedsRestricted Content

March 31, 2012
Kathleen McLaughlin
Two startup firms, Cause.It LLC and Trensy LLC, have created tools that link charitable behavior and consumption. Like the hit app Foursquare, the newcomers encourage users to “check in” when they show up at events or complete activities so they can earn rewards offered by local businesses.
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Investors still may clean up on some clean-tech betsRestricted Content

March 31, 2012
Greg Andrews
The spectacular flameouts of some startup firms underscores the risk of relying on infusions of federal money to keep a business viable.
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Techies pressing again for direct Silicon Valley flightsRestricted Content

March 31, 2012
Chris O'Malley
High-tech firms have been clamoring for a couple of decades for nonstop flights between Indianapolis International Airport and California’s Silicon Valley. One of Indiana’s tech icons made it clear recently that the need is as urgent as ever.
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Cummins lures job candidates with virtual tour appRestricted Content

March 31, 2012
The idea is to send middle and high school students the message that there are plenty of jobs in engineering.
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Promised tariff cuts could spur Indiana exports to China

March 29, 2012
Chris O'Malley
Indiana logistics firms and their manufacturing clients could gain new export opportunities to China if the country follows through on plans to reduce taxes on imported goods.
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Westfield seat-belt maker plans to add 65 workers

March 28, 2012
 IBJ Staff
Westfield-based safety company IMMI said it plans to hire more than 65 full-time workers and 50 temporary employees to keep up with demand for lap and shoulder belts for school buses.
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Wabash National shares rise on $360M deal

March 27, 2012
Associated Press
Shares of Indiana-based Wabash National Corp. jumped Tuesday after the maker of truck trailers said it would diversify its business by purchasing liquid-transportation company Walker Group Holdings LLC for $360 million.
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Cummins boom drives up demand for apartments

March 24, 2012
Associated Press
A hiring boom at engine maker Cummins and the economic recovery are leaving many people in search of apartments out in the cold in Columbus.
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N.K. Hurst's unsexy beans fill bottom shelf, bottom lineRestricted Content

March 24, 2012
Sam Stall
N.K. Hurst Co. Inc. sells roughly 20 million packages of dried beans and bean soup mixes a year, from the West McCarty Street packaging plant it has operated since 1938. It has only about 50 employees, but its products are ubiquitous in the grocery industry.
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How do you turn a profit? Nimble ChaCha finds answerRestricted Content

March 24, 2012
Chris O'Malley
scott jones video iconAfter six hard years, the locally based Q&A service has positive earnings and expects revenue to more than double this year. Founder and entrepreneur Scott Jones reveals how the firm turned the corner.
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State's largest private company plans to go public

March 23, 2012
 IBJ Staff and Bloomberg News
Evansville-based Berry Plastics Group Inc., a container maker owned by funds affiliated with Apollo Global Management LLC, on Friday filed to sell up to $500 million of stock in an initial public offering.
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Manufacturer expanding northeast-Indiana operations

March 23, 2012
Associated Press
Busche Enterprise Division Inc. said it will spend about $17 million to buy, expand and equip a factory near its headquarters in the Noble County town of Albion, adding up to 120 workers by 2015.
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Delaware County regroups after green factories fizzle

March 20, 2012
 IBJ Staff and Associated Press
A central Indiana county is pulling back its financial support for a pair of green-energy companies who so far haven't delivered on plans for factories with hundreds of workers.
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East-side contract manufacturer plans to add 144 jobs

March 17, 2012
Scott Olson
Mansfield-King LLC is asking the city for property tax abatements as part of its efforts to create the jobs by 2016 through a $3 million expansion. The company currently has 45 employees.
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Dynamics in place to mint public companies aplentyRestricted Content

March 17, 2012
Greg Andrews
Indianapolis attorneys say numerous local private firms are on the IPO sidelines, mulling whether to try to capitalize on the strengthening economy and improving investor appetite for new issues.
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Ex-One Call execs turn on each other in latest ventureRestricted Content

March 17, 2012
Chris O'Malley
Lawsuit alleges two of six partners in Qtego seized control and locked them out of the northwest-side firm, which developments telecommunications technology.
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Allison shares rise in first day after expanded IPO

March 15, 2012
 IBJ Staff
Allison Transmission Holdings Inc. shares rose 1.7 percent in their trading debut Thursday after the Indianapolis-based manufacturer raised more than sought in its initial public offering.
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Sleeping-products event a real eye-opener

March 14, 2012
Scott Olson
About 3,200 visitors are in the city as part of the International Sleep Products Association's biennial event, which showcases the latest technology in mattress manufacturing.
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Analysts lukewarm to Allison ahead of market debut

March 14, 2012
 IBJ Staff and Bloomberg News
Shares of Allison Transmission Holdings Inc. are expected to begin trading Thursday, but the early reaction to the IPO from analysts is lukewarm. The locally based company’s private-equity owners are offering 21.7 million shares for $22 to $24 apiece, which could raise as much as $522 million.
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Allison's private-equity owners to get IPO spoilsRestricted Content

March 10, 2012
Kathleen McLaughlin
When Allison Transmission Holdings Inc. a year ago filed plans to go public, it said some of the proceeds would go toward reducing billions of dollars in debt. But, in an updated filing with the SEC, the company reversed course, saying all of the more than $500 million that’s expected to be raised would go to its private-equity owners.
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Hurco shares surge after quarterly profit soars

March 9, 2012
Kathleen McLaughlin
Hurco Companies Inc. said its fiscal first-quarter profit soared 200 percent over the same period a year ago, driven by strong sales increases in Europe.
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ExactTarget looks to raise $145 million with IPO

March 8, 2012
Indianapolis-based ExactTarget Inc., which announced an initial public offering in November, said it is seeking to raise as much as $145 million. The company is offering 8.5 million shares for $15 to $17 apiece, according to a regulatory filing made Wednesday.
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Manning's move may help Nike as it takes NFL contract

March 7, 2012
Bloomberg News
Peyton Manning’s change of address is likely good news for Nike Inc., which replaces Reebok International Ltd. next month as the maker of National Football League-branded apparel and uniforms.
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Honda looks to dealers to boost natural gas station network

March 7, 2012
Bloomberg News
Honda Motor Co. wants to double sales of its Indiana-made Civic Natural Gas sedans, but doing so requires more fuel stations. The car maker wants some of its dealers to install pumps to sell the fuel.
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  1. Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.

  2. Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.

  3. I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.

  4. The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.

  5. I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!

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